Carré, Martine; Levasseur, Sandrine - In: Journal of Economic Integration 15 (2000), pp. 345-354
Symmetry of shocks across countries is often considered as a necessary condi - tion for a monetary union. We show that the measure of shocks symmetry does not reveal a deep parameter, and depends on economic integration. The more integrated economies are, the more asymmetric are GDPs for a given...